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Apr
17
2024

Texas Daily Ag Market News Summary

Posted 61 days ago by Administrator Account

Daily Market Summary for April 17th

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!


Fed Cattle: 

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash has been at a standstill. In the Western Cornbelt and Nebraska negotiated cash has been mostly inactive on very light demand. Last week in the Southern Plains live FOB purchases traded at 182.00. Last week in Nebraska live FOB purchases traded at 184.00 while dressed delivered purchases traded at 293.00. Last week in the Western Cornbelt live FOB purchases traded at 185.00 and dressed delivered purchases mostly at 293.00.

Negotiated Sales:

Confirmed:           305

Week Ago:            514

Year Ago:         13,939

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,000

Weighted avg. weight:        881.00

Weighted avg. net price:     292.51

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Cattle Slaughter under Federal Inspection

Wednesday        124,000

Week Ago            112,000

Year Ago              125,761

Week to Date      369,000

Last Week           358,000

Last Year             376,567

Tuesday

Steers & Heifers:    97,000

Cows & Bulls:          27,000

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Boxed Beef:

Cutout Values:

Choice: 296.78… -1.24

Select:  290.88… -1.76

Choice/Select Spread: 5.90

Total Load Count: 123

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Cutter Cow Cutout:

265.96… -4.20

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CME Feeder Cattle Index for April 16th:

242.63… +1.27 / +0.53%

1 Year Change: +17.99%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 180.90… -0.60

June: 175.32… -0.40

August: 172.77… -0.15

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Feeder Cattle:

April: 240.42… +0.07

May: 240.27… -0.70

August: 252.12… -0.23

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May Lean Hogs: 94.92… +0.20

April Crude Oil: 82.77… -2.59

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May Corn: 4.3025… -0.0075

May Wheat: 5.3700… -0.1275

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Grain Cash Bids:

Omaha Corn: 4.35… -0.01

Kansas City Wheat: 5.19… -0.14

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Financial Markets:

DJIA: 37,752.52… -46.12

S & P 500: 5,022.18… -29.14

NASDAQ: 15,683.37… -181.88

U.S. Dollar Index: 105.97… -0.29






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